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26 homes sold during the same period last year which resulted in 7.7% decrease in the number of homes sold and closed. Though it also resulted in 16.2% increase in the median price (from $179,000 to $207,995).

The number of closed home sales went up since last month and resulted in higher median price from $196,000 to $207,995.

At the end of the month there were 154 homes for sale in this area ofWesley Chapelwhich included 43 new home listings.

New home listings were up from 35 to 43 in contrast with same period last year but down since last month from 64 to 43.

Since 50 homes went under contract, it resulted in 3.1 months of inventory only.

Number of homes that went under contract were up from 47 in February 2013 to 50 homes in February 2014.

The average days on the market currently in this area was around 58 days which is less than last year and last month’s average.

Most of the homes that sold were purchased with cash, FHA and conventional financing.

The communities in this zip 33544 and part of Wesley Chapel includes Arbor Woods, Fairways of Quail Hollow, Homesteads of Saddlewood, Lakes at Northwood, Lexington Oaks, Northwood, Quail Hollow, Quail Woods, Saddlebrook, Seven Oaks, William acres and more. A number of homes in these communities feature swimming pools, conservation or pond views, large walk-in closets, upgraded kitchens and baths and more.